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Condensed Consolidated Statements of Operations and Comprehensive Income or Loss - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income:        
Sale of real estate and water assets $ 82,870 $ 55,063 $ 151,193 $ 98,673
Impairment loss on investment in unconsolidated affiliate (20,696) (20,696)
Other income, net 839 741 1,554 2,454
Total revenues and other income 83,709 35,108 152,747 80,431
Cost of sales and expenses:        
Cost of real estate and water assets sold 66,614 45,608 123,180 81,940
General, administrative, and other 12,445 12,294 24,770 23,490
Sales and marketing 4,668 3,258 9,097 8,555
Impairment loss on intangible and long-lived assets 2,397 274 2,397 1,363
Depreciation and amortization 378 505 891 996
Total cost of sales and expenses 86,502 61,939 160,335 116,344
Loss from continuing operations before income taxes and equity in loss of unconsolidated affiliates (2,793) (26,831) (7,588) (35,913)
Benefit (provision) for federal and state income taxes 124 2,731 (34) 2,970
Equity in loss of unconsolidated affiliate (998) (1,481)
Loss from continuing operations (2,669) (25,098) (7,622) (34,424)
Loss from discontinued agribusiness operations, net of tax (44) (8,813) (84) (19,295)
Loss on sale of discontinued agribusiness operations, net of tax (10) (16,903) (1,859) (16,903)
Net loss from discontinued agribusiness operations, net of tax (54) (25,716) (1,943) (36,198)
Net loss (2,723) (50,814) (9,565) (70,622)
Net (income) loss attributable to noncontrolling interests (675) 1,044 (634) 4,027
Net loss attributable to PICO Holdings, Inc. (3,398) (49,770) (10,199) (66,595)
Other comprehensive loss:        
Net loss (2,723) (50,814) (9,565) (70,622)
Unrealized gain on securities, net of deferred income tax and reclassification adjustments 489 334 529 283
Foreign currency translation 18 (46) 27 (37)
Total other comprehensive income, net of tax 507 288 556 246
Comprehensive loss (2,216) (50,526) (9,009) (70,376)
Comprehensive (income) loss attributable to noncontrolling interests (675) 1,044 (634) 4,027
Comprehensive loss attributable to PICO Holdings, Inc. $ (2,891) $ (49,482) $ (9,643) $ (66,349)
Net income (loss) per common share – basic and diluted ($ per share)        
Loss from continuing operations $ (0.15) $ (1.08) $ (0.36) $ (1.40)
Loss from discontinued agribusiness operations   (1.09) (0.08) (1.50)
Net loss per common share – basic and diluted $ (0.15) $ (2.17) $ (0.44) $ (2.90)
Weighted average shares outstanding - basic and diluted (number of shares) 23,040 23,009 23,039 23,007